Jett Land and Realty LLC maintains a database of sales of parcels over fifty acres in size in twenty two counties in Central Virginia. These sales include arms-length transactions between individuals as well as trustee’s sales. Cumberland saw a leap in sales, consistently growing in volume.
The number of 2013 sales under the county assessed value is also provided for additional consideration. The sale prices of over forty eight per cent of the total sales in 2013 were less than the county’s assessed value: Specifically just over sixty two percent of those parcels sold in Cumberland County were sold under assessed value. This is noteworthy as we continue to see the land market correcting itself.